$114.74 Million in Sales Expected for GP Strategies Corp (NYSE:GPX) This Quarter

Wall Street brokerages forecast that GP Strategies Corp (NYSE:GPX) will report $114.74 million in sales for the current fiscal quarter, according to Zacks Investment Research. Three analysts have issued estimates for GP Strategies’ earnings, with the lowest sales estimate coming in at $110.00 million and the highest estimate coming in at $120.30 million. GP Strategies posted sales of $139.01 million in the same quarter last year, which suggests a negative year over year growth rate of 17.5%. The company is expected to issue its next quarterly earnings results on Thursday, November 5th.

According to Zacks, analysts expect that GP Strategies will report full-year sales of $475.11 million for the current fiscal year, with estimates ranging from $460.43 million to $490.23 million. For the next fiscal year, analysts forecast that the firm will report sales of $515.78 million, with estimates ranging from $510.00 million to $521.35 million. Zacks Investment Research’s sales averages are an average based on a survey of research firms that cover GP Strategies.

GP Strategies (NYSE:GPX) last posted its earnings results on Friday, August 7th. The company reported $0.12 earnings per share for the quarter, beating the Thomson Reuters’ consensus estimate of ($0.04) by $0.16. GP Strategies had a return on equity of 4.74% and a net margin of 1.84%. The company had revenue of $106.14 million for the quarter, compared to analyst estimates of $107.92 million.

Several analysts have recently issued reports on the company. Barrington Research assumed coverage on GP Strategies in a research report on Wednesday, August 5th. They issued a “buy” rating and a $10.00 price objective on the stock. B. Riley upgraded GP Strategies from a “neutral” rating to a “buy” rating and upped their price objective for the company from $8.50 to $12.00 in a research report on Monday. TheStreet upgraded GP Strategies from a “d+” rating to a “c-” rating in a research report on Monday, August 10th. Roth Capital restated a “buy” rating on shares of GP Strategies in a research report on Monday, August 10th. Finally, Zacks Investment Research downgraded GP Strategies from a “buy” rating to a “hold” rating in a research report on Friday, August 14th. Two analysts have rated the stock with a hold rating and three have issued a buy rating to the company. GP Strategies presently has an average rating of “Buy” and an average price target of $9.81.

A number of large investors have recently made changes to their positions in GPX. Russell Investments Group Ltd. increased its stake in GP Strategies by 224.2% during the second quarter. Russell Investments Group Ltd. now owns 430,482 shares of the company’s stock worth $3,692,000 after acquiring an additional 297,699 shares during the last quarter. Cove Street Capital LLC increased its stake in GP Strategies by 7.3% during the second quarter. Cove Street Capital LLC now owns 2,654,142 shares of the company’s stock worth $22,773,000 after acquiring an additional 181,614 shares during the last quarter. Bridgeway Capital Management Inc. increased its stake in GP Strategies by 338.8% during the second quarter. Bridgeway Capital Management Inc. now owns 203,987 shares of the company’s stock worth $1,750,000 after acquiring an additional 157,500 shares during the last quarter. Engine Capital Management LP acquired a new stake in GP Strategies during the second quarter worth about $624,000. Finally, Minerva Advisors LLC increased its stake in GP Strategies by 85.4% during the first quarter. Minerva Advisors LLC now owns 136,636 shares of the company’s stock worth $889,000 after acquiring an additional 62,953 shares during the last quarter. Institutional investors own 66.79% of the company’s stock.

Shares of NYSE:GPX traded up $1.50 on Monday, hitting $10.63. The company had a trading volume of 47,973 shares, compared to its average volume of 65,090. The company has a current ratio of 1.72, a quick ratio of 1.72 and a debt-to-equity ratio of 0.28. GP Strategies has a 52-week low of $5.20 and a 52-week high of $15.24. The business has a 50 day moving average of $9.31 and a 200 day moving average of $7.85. The company has a market cap of $181.43 million, a PE ratio of 18.65, a PEG ratio of 2.41 and a beta of 1.60.

About GP Strategies

GP Strategies Corporation provides performance improvement and learning solutions worldwide. It operates through four segments: Learning Solutions, Professional & Technical Services, Sandy Training & Marketing, and Performance Readiness Solutions. The Learning Solutions segment delivers training, curriculum design and development, digital learning, system hosting, managed learning, and consulting services to electronics and semiconductors, healthcare, software, financial services, and other industries, as well as government agencies; and provides apprenticeship and vocational skills training services.

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